Tuesday, 8 April 2014

Evening session commodity tips, base metal trend


Commodity market close yesterday was green mode, gold,silver and base metal look up trend, only crude oil looked in negative trend , natural gas increase more than 5 point and close above 273.2.
mcx nickel was open at 982.4 and made high at 999.7 total increase 14 point in single day. Mcx copper open was at 400.1 and made high at 408.15 and low was 399.25.
gold silver trend: comax gold look up trend today above $1312 and open below $1296 so evening session gold may open above 28450 plus,while silver was traded $20.16, so silver should be open above 43350 plus.
Crude oil trend: crude oil traded in positive direction while mcx crude close below 6050 so open above 6070 above upside and down side 6020
evening time commodity calls:
buy gold above 28350 target 28500,28650 stoploss 28200
buy silver above 43150 target 43350,43500,43650 stoploss 42850
buy crude oil above 6030 target 6055,6090 ,6120 stoploss 6000
sell natural gas above 274 target 272,270,268 stoploss 278


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